MergerPlace

$8M+ Multi Location Allstate

Indiana


  • Asking Price: $1,999,000
  • Gross Income: $1,005,023
  • Cash Flow: $465,037
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $30,000
  • Listing ID: #221600
  • Established: 2008
  • Employees: 6 FT

Business Description

Opportunity to acquire a well established premiere Allstate insurance agency with multiple locations. In 2019 the agency produced over $8 Million in earned agency premium and generated over $1 Million in revenues. There is already a team of licensed professionals in place and a renewal rate of nearly 90%. An existing agent could significantly expand their book of business, or someone looking for a recession resistant business could potentially acquire an entrepreneurial opportunity with one of the nation's largest and strongest companies.


Business Details

Primary Business Category: Services - Other Services
Location: Indiana

Company Information

Year Established: 2008
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 6 FT

Financial Information

Asking Price: $1,999,000
Gross Revenue: $1,005,023
Cash Flow: $465,037
FF&E: $30,000
Seller Financing Available: No

Property Information

Facilities:

There are 4 offices located across a 45 mile stretch of Indiana that encompasses both suburban and rural populations. There is potential to consolidate the offices and reduce the agency costs. The seller owns 3 of the 4 buildings that the offices are located within and those buildings may be available to purchase if the buyer wishes to acquire the real estate. Rent for all 4 locations will be $3,500/month. If the two suburban Indianapolis locations are consolidated the ongoing rent will be $2,500/month.

Growth & expansion opportunities:

The current agent refers financial services within company, but if the buyer chose to offer those services in house they would have a tremendous source of leads in the existing book of business.

Competition:

Insurance is an essential business and considered recession resistant.

Reason for selling:

Retirement & Other Business Interests

Support & Training:

Will train for 2 weeks @ no cost The buyer must be approved by corporation. The buyer must acquire Series 6 & 63 licenses in addition to Property & Casualty, and Life & Health licenses.

Contact Business Seller

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Business Listed By:

Phil Eleson

Murphy Business Brokers